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6Material company update
May 15, 2026·SEC
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May 1, 2026·SEC
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Apr 24, 2026·SEC
Ames National Corporation(ATLO)Earnings, Financials & Key Ratios
ATLO•NASDAQ•Banking & Credit
$29.07
13.6× P/E·Price updated Jul 7, 2026
AboutAmes National Corporation operates as a multi-bank holding company that provides banking products and services primarily in Boone, Clarke, Hancock, Marshall, Polk, Story, and Union counties in central, north-central, and south-central Iowa. The company accepts a range of deposits, including checking and savings accounts; and time deposits, such as money market accounts and certificates of deposit. It also provides loans, such as short-term and medium-term commercial and agricultural real estate, residential real estate loans, equipment, vehicle, and home improvement loans; personal loans and lines of credit; agricultural and business operating loans and lines of credit; and originates mortgage loans for sale into the secondary market. In addition, the company offers cash management, merchant credit card processing, safe deposit box, wire transfer, direct deposit of payroll and social security check, and automated/video teller machine access services; and automatic drafts for various accounts, as well as wealth management services. Further, it provides farm management, investment, and custodial services for individuals, businesses, and non-profit organizations; and online, mobile, and private banking services. Ames National Corporation was founded in 1903 and is based in Ames, Iowa.Show more
- Net Interest Income$56M+23.8%
- Total Revenue$98M+6.3%
- Net Income$19M+86.2%
- Return on Equity9.95%+65.7%
- Net Interest Margin2.61%+23.7%
- Efficiency Ratio42.67%-6.0%
- ROA0.89%+87.2%
- Equity / Assets9.74%+19.0%
- Book Value per Share23.30+19.9%
ATLO Price & Volume
Ames National Corporation (ATLO) stock price & volume — 10-year historical chart
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Decentralized Operating Model Drives Stable Revenue Growth
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Accelerating
Profitability:Moderate
Financial:Fortress
Cash Flow:Stable
Primary Risk:Agricultural collateral valuation sensitivity
Key Thesis Takeaways
- Ames National Corporation exhibits a conservative growth trajectory supported by a robust capital base, with an equity-to-assets ratio consistently maintained between 0.08 and 0.10.
- While the bank has successfully grown net interest income to $15.4 million in 2026Q1, investors should monitor the persistent stagnation of the net interest margin at 0.7%.
- Future performance remains sensitive to agricultural commodity price volatility and the potential for duration-related valuation risks within its $688.8 million investment securities portfolio.
Verdict Logic
while the bank demonstrates disciplined expense management with an efficiency ratio of 43.5%, the stagnant 0.7% net interest margin and reliance on a large securities portfolio warrant a cautious valuation approach at a 1.31 price-to-book ratio.
ATLO Growth Metrics
Ames National Corporation (ATLO) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years6.69%
5 Years5.96%
3 Years11.32%
TTM-
Profit CAGR
10 Years2.4%
5 Years0.19%
3 Years-0.46%
TTM89.7%
EPS CAGR
10 Years2.89%
5 Years0.76%
3 Years0%
TTM90.55%
Return on Capital
10 Years9.51%
5 Years7.87%
3 Years4.18%
Last Year2.36%
ATLO Recent Earnings
Ames National Corporation (ATLO) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 2/12 qtrs (100%)●Beat Revenue 2/12 qtrs (100%)
Q2 2026Latest
May 7, 2026Metric
Actual
Est
EPS
$0.67+8.1%
$0.62
Rev
$25M+38.1%
$18M
Q2 2026
Apr 24, 2026Metric
Actual
Est
EPS
$0.67+8.1%
$0.62
Rev
$25M+38.1%
$18M
Q2 2026
Mar 12, 2026Metric
Actual
Est
EPS
$0.73
—
Rev
$26M
—
Q1 2026
Jan 23, 2026Metric
Actual
Est
EPS
$0.73
—
Rev
$26M
—
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 7, 2026 | $0.67vs $0.62+8.1% | $25Mvs $18M+38.1% |
| Q2 2026 | Apr 24, 2026 | $0.67vs $0.62+8.1% | $25Mvs $18M+38.1% |
| Q2 2026 | Mar 12, 2026 | $0.73 | $26M |
| Q1 2026 | Jan 23, 2026 | $0.73 | $26M |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Ames National Corporation (ATLO)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $29.07 | $257.48M | 13.58 | 6.29% | 19.36% | 9.95% | 2.74% | |
| $28.62 | $367.76M | 13.89 | 18.96% | 14.29% | 8.79% | — | |
| $63.34 | $528.43M | 10.45 | 6.43% | 18.74% | 14.12% | — | |
| $29.44 | $1B | 15.02 | 5.92% | 20.5% | 7.58% | — | |
| $23.29 | $224.61M | 15.95 | -9.41% | 16.49% | 8% | — | |
| $49.31 | $1.02B | -13.93 | -23.13% | 16.66% | 10.02% | — |
Compare ATLO vs Peers
Ames National Corporation (ATLO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
ATLO SEC Filings & Documents
Ames National Corporation (ATLO) SEC filings — annual & quarterly reports (10-K, 10-Q)
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ATLO Frequently Asked Questions
Ames National Corporation (ATLO) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
How fast is Ames National Corporation growing?
Ames National Corporation (ATLO) grew revenue by 6.3% over the past year. This is steady growth.
Is ATLO profitable?
Yes, Ames National Corporation (ATLO) is profitable, generating $21.5M in net income for fiscal year 2025 (19.4% net margin).
Dividend & Returns
Does ATLO pay dividends?
Yes, Ames National Corporation (ATLO) pays a dividend with a yield of 2.74%. This makes it attractive for income-focused investors.
What is ATLO's return on equity?
Ames National Corporation (ATLO) has a return on equity (ROE) of 9.9%. This is below average, suggesting room for improvement.
Industry Metrics
What is Ames National Corporation's net interest margin?
Ames National Corporation (ATLO) has a net interest margin (NIM) of 2.6%. NIM has been under pressure due to interest rate environment.
What is Ames National Corporation's efficiency ratio?
Ames National Corporation (ATLO) has an efficiency ratio of 42.7%. This is excellent, indicating strong cost control.